Sweden's Hilbert Group Q1 revenue jumps over 7,900% yr/yr
Sweden's Hilbert Group Q1 revenue jumps over 7,900% yr/yr
Overview
Swedish quantitative investment firm's Q1 revenue surged by 7,917% yr/yr on Enigma acquisition
Adjusted EPS for Q1 was negative and net loss widened yr/yr
Company saw strong institutional AuM growth and operating momentum from recent acquisitions
Outlook
Hilbert Group says institutional pipeline has strengthened and additional investor allocations expected
Company expects operating momentum from acquisitions to drive scaling of asset management engine
Hilbert Group sees deepening institutional engagement following platform validation in challenging market
Result Drivers
ENIGMA ACQUISITION - Q1 revenue surge driven primarily by Enigma Nordic AB acquisition
INSTITUTIONAL AUM GROWTH - 2/20 fee‐tier hedge fund AuM grew more than 90% on the quarter, with additional allocations from existing investors
Company press release: ID:nMFN9FrDHw
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| SEK 3.61 bln |
|
Q1 Adjusted EPS |
| -SEK 0.38 |
|
Q1 Net Income |
| -SEK 43.06 mln |
|
Q1 EBIT |
| -SEK 35.59 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)